Value to SME?

How can a board evaluation help a SME or other non-FTSE companies?

In other words, most of UK business

The responsibilities of a SME director, director of a larger private company, director of a family business, director of a listed (non FTSE) company or a member of a public sector board are the same as that of a director of a FTSE list organisation. 

In fact the risks are higher as the ability to put in the degree of structure, policies and procedures to creation the protection is often too costly.   Therefore, most directors need to take on board as much support and knowledge to ensure they carry out their responsibilties as a team and as individuals as best as they can all the time.

This where the outside world can help.  There are specialists in many business areas and specialists in corporate governance will help organisations address regulatory and best practice issues to put in a defence to reduce the impact of risks and reduce their likelihood where possible.

SME’s are dynamic and directors are handling a far greater and varied load.  That does not excuse them from knowing and understanding their responsibilities and doing their best in the role.

A better team at the helm will result in a better run and profitable organisation.